Bitcoin is currently facing significant trading action around the critical $85,800 level. This price point is essential as much liquidity concentrates around it, according to CoinGlass analysis. Investors trading Bitcoin should pay close attention to this figure, as any movements above or below it could indicate bullish or bearish trends. The concentration of liquidity suggests that traders might react strongly to fluctuations in price, making this an exciting time for Bitcoin enthusiasts. Tracking on-chain data will offer insights into trading behaviors and market conditions. Bitcoin remains a focal point in the crypto market, and its price levels can influence broader trends.